关键词: FDI, 经济增长效应, 非线性, 面板平滑转换（PSTR）模型

Abstract: The paper studies the non-linear effects of foreign direct investment (FDI) on regional economic growth in China based on panel smooth transition regression (PSTR) model. We select eight factors including FDI, market size, infrastructure and industrial structure etc. as independent variables to construct PSTR model. The research result shows that there is a nonlinear and smooth transition characteristic feature between FDI and China’s economic growth, which explains reasonably the different economic effects of regions in China. FDI is the sufficient condition but not the necessary condition for the economic growth.

Key words: FDI, Economic Growth Effects, Non-linear, Panel Smooth Transition Regression Model